How do you account for growth in the real economy, then? Spain invaded and obliterated the cultures of a whole continent in part because they didn’t have enough silver to match their accounting books.
I get that we have a problem with venture capital and defense contractors having access to the federal money spigot, but putting an arbitrary cap on the monetary supply will just impose a new set of problems.
The public sector should be constrainted by funding
No, it shouldn’t. Governments can literally create any amounts of money. At times, the correct economic policy is to have more deficit, at times the correct economic policy is to have less deficit, and being arbitrarily bounded by artificial balance budgets (which don’t apply to entities capable of issuing their own currency) implies unnecessary suffering for many.
You didn’t argue anything from knowledge, you just proudly stated your uneducated opinion on the topic.
Money isn’t supposed to be infinate. The system as is requires uncapped spending
This doesn’t even make sense, you’re contradicting yourself, finite money and uncapped spending are literally impossible to have together. Are you an AI?
Just make more money! Who would have thought of that?
Modern Monetary Theory economists. Randall Wray, Alberto Garzón, Stephanie Kelton. John Maynard Keynes… Apparently it’s such a radical thought that fools like you without economic training whatsoever can’t even conceive it, and it takes scholars with decades of study of macroeconomics to realize that the limits to public spending shouldn’t be arbitrary and should be dictated by macroeconomic needs and policy
The ability to create infinate money IS the problem
Again, by which metric? I’ve already explained to you how inflation does not correlate to currency creation empirically, what problem is the ability to create infinite currency?
It’s a artifact of our current debt = new money system.
I agree that debt is absurd, they should just create the currency outright, it’s pointless creating debt in a currency you denominate yourself
You haven’t said anything empirically you’ve just stated your case as fact ( just as I have but at least I’m not pretending to have presented it hard cold logic instead )
Anyway, the problem is being able to make the money. Your right at some point having to much money is good and sometimes having too much money is bad if your trying to manually control the economy . But doing that at all can be bad. It gives a few an immense power over the many. It’s best to limit it entirely rather then leave anyone’s thumbs on the scale.
Youre entirely right that it will have adverse consequences at times, but that’s kinda the point. You make a healthy economy by having healthy economic trade.
Here you have a wonderful source proving empirically the total lack of correlation between monetary aggregate increases and inflationary episodes. There is no contesting empiricism.
Your right at some point having to much money is good and sometimes having too much money is bad if your trying to manually control the economy
Yes, why wouldn’t you want to control the economy to make it better?
It’s best to limit it entirely rather then leave anyone’s thumbs on the scale
So we refer to my initial comment: “anyone telling you otherwise is just spewing neoliberal propaganda”.
You make a healthy economy by having healthy economic trade
No, you make a healthy economy by ensuring everyone has access to welfare, that’s what defines a healthy economy. The idea of economics should not be to maximize GDP but to maximize well-being of people as democratically decided by themselves.
The public sector should be constrainted by funding and that funding should be remediated via taxes.
Money isn’t supposed to be infinate. The system as is requires uncapped spending.
How do you account for growth in the real economy, then? Spain invaded and obliterated the cultures of a whole continent in part because they didn’t have enough silver to match their accounting books.
I get that we have a problem with venture capital and defense contractors having access to the federal money spigot, but putting an arbitrary cap on the monetary supply will just impose a new set of problems.
Unlike gold and silver our token based monetary system allows you to split money into increasingly small units.
So as the economy improves the currency would deflate. That’s becomes an entire separate discussion.
No, it shouldn’t. Governments can literally create any amounts of money. At times, the correct economic policy is to have more deficit, at times the correct economic policy is to have less deficit, and being arbitrarily bounded by artificial balance budgets (which don’t apply to entities capable of issuing their own currency) implies unnecessary suffering for many.
You didn’t argue anything from knowledge, you just proudly stated your uneducated opinion on the topic.
This doesn’t even make sense, you’re contradicting yourself, finite money and uncapped spending are literally impossible to have together. Are you an AI?
Just make more money! Who would have thought of that? Your educated opinion is quite impressive.
p.s. the US government doesn’t issue their own currency, that’s the Fed.
Modern Monetary Theory economists. Randall Wray, Alberto Garzón, Stephanie Kelton. John Maynard Keynes… Apparently it’s such a radical thought that fools like you without economic training whatsoever can’t even conceive it, and it takes scholars with decades of study of macroeconomics to realize that the limits to public spending shouldn’t be arbitrary and should be dictated by macroeconomic needs and policy
The ability to create infinate money IS the problem. Also I said “The system as is” there is no contradiction in my statement.
It shouldn’t be that way.
I did argue from knowledge I know exactly that idea your stating. It’s a artifact of our current debt = new money system.
Also why are you so aggressive? Are you ok???
Again, by which metric? I’ve already explained to you how inflation does not correlate to currency creation empirically, what problem is the ability to create infinite currency?
I agree that debt is absurd, they should just create the currency outright, it’s pointless creating debt in a currency you denominate yourself
You haven’t said anything empirically you’ve just stated your case as fact ( just as I have but at least I’m not pretending to have presented it hard cold logic instead )
Anyway, the problem is being able to make the money. Your right at some point having to much money is good and sometimes having too much money is bad if your trying to manually control the economy . But doing that at all can be bad. It gives a few an immense power over the many. It’s best to limit it entirely rather then leave anyone’s thumbs on the scale.
Youre entirely right that it will have adverse consequences at times, but that’s kinda the point. You make a healthy economy by having healthy economic trade.
Here you have a wonderful source proving empirically the total lack of correlation between monetary aggregate increases and inflationary episodes. There is no contesting empiricism.
Yes, why wouldn’t you want to control the economy to make it better?
So we refer to my initial comment: “anyone telling you otherwise is just spewing neoliberal propaganda”.
No, you make a healthy economy by ensuring everyone has access to welfare, that’s what defines a healthy economy. The idea of economics should not be to maximize GDP but to maximize well-being of people as democratically decided by themselves.